The global medical battery market is projected to reach $3 billion by 2028, at a CAGR of 4.8% during 2023-2028. The growth of medical battery market is driven by increasing demand for battery powered portable and implantable devices in medical diagnostic and therapeutic practices.
Some of the key questions answered in
this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the medical battery market by
application (patient monitoring, general medical, cardiovascular medical,
orthopedic, home healthcare, and other devices), battery chemistry type (lithium-ion,
lead acid, zinc air, and others), product (implantable and non-implantable),
battery type (rechargeable and non-rechargeable), capacity type (0-1000 mAh,
1000-2000 mAh, and 2000-above mAh), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the medical battery market?
Q.4 What are some
changing demands of customers in the medical battery market?
Q.5 What are the new
developments in the medical battery market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this medical battery area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this medical battery market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include increasing
recycling of lithium-ion batteries to reduce waste and introduction of thin
film batteries to make lightweight, smaller size wearable devices.
Market Segmentation:
Based on application,
the medical battery market is segmented into patient monitoring, general
medical, cardiovascular medical, orthopedic, home healthcare, and other
devices. The cardiovascular segment accounted for the largest share of the
market in 2023 and is expected to register the highest CAGR during the forecast
period, due to increasing chronic and cardiovascular diseases in various
regions.
North America is
anticipated to remain the largest market due to its advanced healthcare
infrastructure. APAC is expected to witness the highest growth over the
forecast period due to increasing awareness and advancement of healthcare in
this region.
Key Players in the
medical battery market are Kholberg Kravish Roberts, Boston Scientific, GE
Healthcare, Siemens, Integer Holding, EaglePicher Technology, and Saft Group.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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